I think your price sounded very reasonable. I agree with Hollice - her indecision would cause me concern.
I used to do English Smocking and tried to sell Hand Smocked hand made dresses and bonnets all with french seams etc. No one wanted to pay the price for quality hand made items back then and it has not changed. I was asked recently to do a quilt by a relative of a friend - I passed on it just for this reason.